DMA CFDs

Direct Market Access provides direct access to the exchange order book and allows you to place trades directly around the live market (yellow) price.

With DMA CFDs you can:

• Trade at the current market price when the order hits the market (market orders)
• Place orders at the displayed yellow price or better
• Join the current yellow price to buy at the Bid price or sell at the Offer price

Trading CFDs on live market prices requires an exchange subscription agreement for each of the exchanges you want to trade. There is also a ticket fee for DMA CFDs.

See your CFD trading conditions for details.

Please discuss all trading fees and subscriptions with your financial advisor.

For CFD Direct Market Access investors, you can also view Level 2 market depth for the exchanges with whom you have a DMA agreement. Market Depth displays the five best bid and ask prices directly in the CFD trade module, allowing you to see where the market is going before you make your trading decisions.